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The task tonight is for the Board to give her direction on the vote. It would also be <br /> important to get questions from the Board reduced to writing. <br /> Commissioner Gordon made reference to the documents that she provided, which are <br /> shown below. She indicated that the blank areas are places where she would like to get the <br /> indicated information. <br /> FINANCIAL RESOURCES AVAILABLE FOR TRANSIT IN ORANGE COUNTY AND DURHAM <br /> COUNTY 6/10/2011 <br /> The information given on these pages is derived from information provided by Triangle Transit. <br /> Orange County <br /> This chart summarizes the revenues available for transit in Orange County. <br /> A. Local Revenue in the Bus and Rail Investment Plan <br /> Revenue Source Amount Available Total Amount Available <br /> in 2012 Over the Life of the Plan <br /> to 2035 in YOE Dollars <br /> 1/2 cent sales tax $5.1 M $180 M <br /> $7 vehicle registration fee $770,000 $23.8 M <br /> $3 increase in Triangle Transit <br /> vehicle registration fee $330,000 $10.2 M <br /> Triangle Transit rental car tax $560,000 $24.0 M <br /> TOTAL $6.76 M $238.0 M <br /> * Note: YOE means Year of Expenditure <br /> B. State Participation - 25% assumed $132 M <br /> Total Amount Available Over the Life of the Plan to 2035 in YOE Dollars <br /> C. Federal Participation - 50% assumed $239 M <br /> Total Amount Available Over the Life of the Plan to 2035 in YOE Dollars <br /> D. Other Revenues <br /> Following is a list of revenues included in the model, but not listed above: <br /> Fares <br /> Following is a list of potential future revenue sources not included in the model at this time: <br /> Value capture <br /> Institutional contributions (e.g UNC, Duke) <br /> Increased property tax revenue in transit investment areas <br />